CarGurus, Inc. has reported a rare and powerful double top pattern with $37.06 target which is 9% above the current share price of $34.00. In the 6 months chart, the pattern indicates a low risk for the company, already worth $3.67 billion. Finviz.com recently reported this, saying if the $37.06 price target is reached, CarGurus will be worth around $330.30 million more.
The stock increased 1.37% or $0.46 during the last trading session, reaching $34. About 391,108 shares traded. CarGurus, Inc. has 0.00% since June 4, 2017, and has underperformed by 12.57% the S&P500.
Analysts await CarGurus, Inc. to report earnings on August, 2. CARG’s profit will be $2.16 million for 425.00 P/E if the $0.02 EPS becomes a reality.
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